1st December 2022
- Powell Signals Smaller December Hike Amid Hope for Soft Landing
Investors cheer lack of sharper-edged message from Fed chief
Sees plausible path to a soft, or ‘soft-ish’ economic landing
https://blinks.bloomberg.com/news/stories/RM6IZ8T1UM0X
- Bond Traders Cut Expectations for How High Fed Rates Need to Go
Pricing suggests peak rate for this cycle will be below 5%
Treasuries rallied across the curve after Jerome Powell spoke
https://blinks.bloomberg.com/news/stories/RM6I49T0G1KX
- Fed Says Economy Grew Slightly as Higher Rates Weigh on Outlook
Activity was ‘about flat or up slightly’ from prior report
Districts noted labor is still tight, inflation is slowing
https://blinks.bloomberg.com/news/stories/RM4H4PT0AFB4
- Oil Fluctuates as Traders Look to China Shift, OPEC+ Meeting
Official behind Beijing’s strict virus controls softens stance
WTI eased toward $80 a barrel after rising for three sessions
https://blinks.bloomberg.com/news/stories/RM7ANVT0AFB4
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